I've read him on Zerohedge as well, and I don't really take anything he says seriously, but for the record Geithner did invite a bunch of bloggers to talk with him a couple of times, so he might have been a part of this group. Yves Smith from Naked Capitalism mentioned that she went at least a couple of times to meet with Geithner with a bunch of bloggers.
He is offering a 90 days money back guarrantee and claiming offering specific trade recommendations. Got to his site http://wealthinsideralliance.com through a link by TradeTheMarket.com .... He claims his new program is almost like trading next to him. He claims to have a hedge fund. Any thoughts on his claims?
John Thomas appears to be a complete and total whore. Check out this blog post he recently made:<blockquote>I strongly urge readers of this letter to log on to Amazon and by a copy of Options for the Beginner and Beyond by W. Edward Olmstead. Options contracts offer investors a wonderful instrument for minimizing risk, while maximizing the upside, and I am going to recommend many more such strategies in the future. ... In order to buy the book at a discounted price and give yourself a genuine trading edge, just click here.</blockquote> Here's the link: http://www.amazon.com/gp/product/01...=1789&creative=390957&creativeASIN=0131721283 Now, I don't see any discount whether I use that link or just go to Amazon.com and search for the book on my own. It's $18.99 either way. The difference in using the link is that it contains this embedded tag: "thediaofamadh-20" so that amazon can tell from where the prospective purchaser was referred and give a cut of the sale to John Thomas. Would a guy that claims to be fabulously wealthy really need undisclosed kickbacks from amazon for promoting its products? Do multimillionaires still clip coupons?
COPYRIGHT INFRINGEMENT by John Thomas - madhedgefundtrader.com - 'This Chart Keeps Me Awake at Night' http://www.stockmarket618.wordpress.com/2011/05/15/letter-to-john-thomas-madhedgefundtrader-com No action was taken despite multiple requests and emails to him. Until I eventually contacted his ISP and the chart used by John Thomas without my permission was then removed. I see the original page has now disappeared completely: http://www.madhedgefundtrader.com/may-13-2011-2.html But can be found here (minus my chart) : May 13 'This Chart Keeps Me Awake at Night' http://www.madhedgefundtrader.com/page/6 http://twitter.com/GrandSupercycle/status/74341533238837249 http://twitter.com/GrandSupercycle/status/74341707356975104 http://twitter.com/GrandSupercycle/status/74341810289377280
He's a marketer simple as that. The proof is when somebody uses these words to sell something - Insider Wealth Millionaire As one of the other posters says, start to learn how to spot a promoter/marketer versus someone who's actually worth listening to.
I guess too many months have past since the last posting on the Service. John Thomas has several. I was enrolled in the Macro Millionaire service I think in 2011 and 2012(one year). I did better in the service than I do on my own. Being a prominent figure gives Mr. Thomas some pertinent insider info. Subscribers made a killing back in 2011(I think) when the Swiss Franc got hammered and the alert came in a timely fashion to our Email boxes. Some insider had notified Mr. Thomas of a currency collapse shortly before he sent the alert. The guy sent trade alerts galore, many that derailed my trading. He would often start with a long call or put on a currency ETF or exchange ETF or common stock. He loves to short BAC. He loves to own YCS as he has no confidence in Japan. Typically, regardless of the security, a long call or put would be later followed by a short on the same option symbol, if the first trade was starting to go wrong(a spread). Spreads are the best way to play options to diminish risk, however, one cannot short within a retirement account! Because I was using my retirement account I could not diminish risk when the trades went wrong and was left with half the position and wondering what to do. That is why I let my membership lapse and did not send the $2000.00 fee to renew my subscription.